Plan Ledger DOL Form 5500 · updated monthly

Falcon Farms, Inc.401(k)

FALCON FARMS, INC. 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.41%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Falcon Farms, Inc. reported $29,969 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $914 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.05% to 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Florida (2,071st of 3,644), and 3,272nd of 4,246 in wholesale trade. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has grown from 319 to 367 since 2022.

Plan summary
Net assets, end of year$7,622,624
Participants with balances229
Active participants367
Employer contributions$335,309
Employee contributions$709,392
Employer contribution per active participant$914
Average account balance$33,287
Benefits paid to participants$958,082
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 229 accts · $335K emplr
2023$6.9M · 213 accts · $277K emplr
2022$5.9M · 220 accts · $268K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,969
Total administrative$29,969
The Falcon Farms, Inc. 401(k) match · 2024
Employer contribution per active participant$914
Median for plans this size$1,313
2024$914 per active participant
2023$859 per active participant
2022$839 per active participant

Falcon Farms, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$10,584
PENSION SERVICES, INC. · Contract administrator$1,974

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$29,969 · 0.41%
2023$2,347 · 0.04%
2022$2,994 · 0.05%
Similar plansWholesale Trade · Florida
Mercury Enterprises, Inc FL$8.3M · 0.58%
Tampa Truck Center, LLC FL$8.1M · 0.45%
Fridababy, LLC FL$8.0M · 0.11%
Palmdale Oil Company, LLC FL$7.1M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592789459 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.